Skip to main content

About your Search

Search Results 0 to 2 of about 3 (some duplicates have been removed)
. let's show it on the screen. representative paul ryan of course the chairman of the house budget committee said this. house republicans may seek a quick, short-term extension of the government's debt limit. now let's go to the other house. let's read, and i'll read for you, what senator john cornyn said. he said, we will raise the debt ceiling. he doesn't say may. he says we will. of course he is in the senate. we're not going to default on our debt. both of these gentlemen are on the right track. i personally think in my emotional state i might not have wanted to increase the debt ceiling but i think politics of course we can't be naive. the president has a very big platform for his strategy. he has the bully pulpit. and i think that some media are calling this a retreat on the debt ceiling. to me the only retreat in the equation is williamsburg, virginia. but i do think that now we can concentrate on what andy brenner and i were talking about yesterday and that is march 1st the sequester. march 27th the continuing resolution because we haven't seen both houses pass a budget and
got one piece of news from paul ryan, of course, the vice presidental candidate with mitt romney and the head of the house budget committee an says the fight to have, and the hostage not to take is over the debt ceiling. because obviously if you go -- if you default, if you go over the debt ceiling and there is some technicality whether it's really a default or not, but it would certainly tank the economy and hurt our credit rating and raise interest rates. what ryan is suggesting is you just delay, you extend the debt ceiling for a few months and then you have the night oversee questions tracing, because there's already a hundred billion dollars in spending cuts that's baked in the cake that will take effect on march 1st. that's the point at which you say to the president if you're the republicans, look, we can either go with that hundred billion dolla dollar cut or work something else but we're going to cut a lot of money out of the budget. bill: can that idea move forward do you think. >> it makes a lot more sense. the republicans have a lot more leverage there and they don't
Search Results 0 to 2 of about 3 (some duplicates have been removed)